Middle East And Africa Iot In Energy & Utility Application Market 2022-2028
MARKET OUTLOOK
A study by Triton Market Research on the IoT in energy & utility application market in the Middle East and Africa puts forth that it would witness growth with a CAGR of 12.55% in the forecasting years from 2022 to 2028. Saudi Arabia, Turkey, South Africa, the United Arab Emirates, and Rest of Middle East & Africa together constitute the market in this region.
As of 2019, approximately 81% of companies in Saudi Arabia had implemented IoT applications. This technology is proving beneficial for businesses in the country, with savings, newer income streams, and enhanced production efficiency.
However, it must be noted that, nearly 60% of all organizations here experience cybersecurity threats that target connected devices. This indicates the need to carefully safeguard IoT. The Internet of Things is an actively evolving technology, and is estimated to reach nearly 25 billion IoT connections by 2025. This technology helps resolve resourcing issues and allows enterprises to monitor production performance, install automation, and improve efficiencies. These factors make IoT systems crucial.
Cyberattacks are capable of damaging a country’s power grid, causing widespread infrastructure failures. Hence, it becomes important to not let any failure in systems ruin the positive influence on businesses and users. This, in turn, will enable harnessing IoT in utility and energy applications.
COMPETITIVE OUTLOOK
The dominant players in the IoT in energy & utility application market include Wipro Ltd, Capgemini SE, Schneider Electric, General Electric Company, SAP SE, Aclara Technologies LLC, BuildingIQ Inc, IBM, and Cisco Systems Inc.
- 1. Middle East And Africa Iot In Energy & Utility Application Market - Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On Iot In The Energy & Utility Application Market
- 2.2. Key Insights
- 2.2.1. Increasing Economic Value Of Iot
- 2.2.2. Increase In Microgrids Control System Use
- 2.2.3. Significant Investments In Research & Development Activities
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Key Impact Analysis
- 2.4.1. Mode Of Deployment
- 2.4.2. Price
- 2.4.3. Application
- 2.5. Market Attractiveness Index
- 2.6. Vendor Scorecard
- 2.7. Industry Components
- 2.8. Key Market Strategies
- 2.8.1. Acquisitions
- 2.8.2. Product Launches
- 2.8.3. Partnerships
- 2.9. Market Drivers
- 2.9.1. Emphasis On A Greener Environment Surging Demand For Energy And Utility Analytics
- 2.9.2. Increasing Consumption And Demand For Energy Generation
- 2.9.3. Growing Consumer Focus On Energy Consumption Pattern Analysis
- 2.9.4. Decline In Prices Of Iot Components And Availability Of Next-generation Sensors
- 2.9.5. Improvement In The Oil & Gas Industry Operations
- 2.9.6. Demand For Automation Tools In Energy Management
- 2.10. Market Challenges
- 2.10.1. Security Concerns
- 2.10.2. Need For High Capital Investment For Deployment
- 2.10.3. Lack Of Skilled Employees
- 2.10.4. Iot Integration With Subsystems
- 2.11. Market Opportunities
- 2.11.1. Need For Real-time Monitoring Systems In The Mining & Petroleum Industries
- 2.11.2. Rising Adoption Of Cloud Technology In Utility & Energy Analytics
- 2.11.3. Increasing Share Of Renewable Energy Sector In Electricity Generation
- 3. Middle East And Africa Iot In Energy & Utility Application Market Outlook - By Connectivity
- 3.1. Non-cellular
- 3.2. Cellular
- 4. Middle East And Africa Iot In Energy & Utility Application Market Outlook - By Component
- 4.1. Hardware
- 4.1.1. Devices
- 4.1.2. Sensors
- 4.1.3. Other Hardware Components
- 4.2. Services
- 4.2.1. Deployment & Integration
- 4.2.2. Support And Maintenance
- 4.2.3. Professional Services
- 4.3. Software
- 4.3.1. Operational Control
- 4.3.2. Analytics
- 4.3.3. Security
- 4.3.4. Grid Management
- 4.3.5. Water Management
- 5. Middle East And Africa Iot In Energy & Utility Application Market Outlook - By End-user
- 5.1. Oil & Gas
- 5.2. Utility Gas Management
- 5.3. Electricity Grid & Supply Management
- 5.4. Mining
- 5.5. Water Management
- 6. Middle East And Africa Iot In Energy & Utility Application Market – Country Outlook
- 6.1. United Arab Emirates
- 6.2. Saudi Arabia
- 6.3. Turkey
- 6.4. South Africa
- 6.5. Rest Of Middle East & Africa
- 7. Competitive Landscape
- 7.1. Aclara Technologies Llc
- 7.2. Capgemini Se
- 7.3. Abb Ltd
- 7.4. Ibm
- 7.5. General Electric Company
- 7.6. Sas Institute
- 7.7. Siemens
- 7.8. Sap Se
- 7.9. Schneider Electric
- 7.10. Buildingiq Inc
- 7.11. Teradata Corporation
- 7.12. Cisco Systems Inc
- 7.13. Infosys Ltd
- 7.14. Wipro Ltd
- 7.15. Eaton Corporation Plc
- 7.16. Oracle Corporation
- 8. Research Methodology & Scope
- 8.1. Research Scope & Deliverables
- 8.2. Sources Of Data
- 8.3. Research Methodology
- Table List
- Table 1: Middle East And Africa Iot In Energy & Utility Application Market, By Country, 2022-2028 (In $ Million)
- Table 2: Vendor Scorecard
- Table 3: List Of Acquisitions
- Table 4: List Of Product Launches
- Table 5: List Of Partnerships
- Table 6: Middle East And Africa Iot In Energy & Utility Application Market, By Connectivity, 2022-2028 (In $ Million)
- Table 7: Middle East And Africa Iot In Energy & Utility Application Market, By Component, 2022-2028 (In $ Million)
- Table 8: Middle East And Africa Iot In Energy & Utility Application Market, By Hardware, 2022-2028 (In $ Million)
- Table 9: Middle East And Africa Iot In Energy & Utility Application Market, By Services, 2022-2028 (In $ Million)
- Table 10: Middle East And Africa Iot In Energy & Utility Application Market, By Software, 2022-2028 (In $ Million)
- Table 11: Middle East And Africa Iot In Energy & Utility Application Market, By End-user, 2022-2028 (In $ Million)
- Table 12: Middle East And Africa Iot In Energy & Utility Application Market, By Country, 2022-2028 (In $ Million)
- Figure List
- Figure 1: Key Buying Impact Analysis
- Figure 2: Market Attractiveness Index
- Figure 3: Industry Components
- Figure 4: Middle East And Africa Iot In Energy & Utility Application Market, Connectivity Outlook, 2021 & 2028 (In %)
- Figure 5: Middle East And Africa Iot In Energy & Utility Application Market, By Non-cellular, 2022-2028 (In $ Million)
- Figure 6: Middle East And Africa Iot In Energy & Utility Application Market, By Cellular, 2022-2028 (In $ Million)
- Figure 7: Middle East And Africa Iot In Energy & Utility Application Market, Component Outlook, 2021 & 2028 (In %)
- Figure 8: Middle East And Africa Iot In Energy & Utility Application Market, By Hardware, 2022-2028 (In $ Million)
- Figure 9: Middle East And Africa Iot In Energy & Utility Application Market, Hardware Outlook, 2021 & 2028 (In %)
- Figure 10: Middle East And Africa Iot In Energy & Utility Application Market, By Devices, 2022-2028 (In $ Million)
- Figure 11: Middle East And Africa Iot In Energy & Utility Application Market, By Sensors, 2022-2028 (In $ Million)
- Figure 12: Middle East And Africa Iot In Energy & Utility Application Market, By Other Hardware Components, 2022-2028 (In $ Million)
- Figure 13: Middle East And Africa Iot In Energy & Utility Application Market, By Services, 2022-2028 (In $ Million)
- Figure 14: Middle East And Africa Iot In Energy & Utility Application Market, Services Outlook, 2021 & 2028 (In %)
- Figure 15: Middle East And Africa Iot In Energy & Utility Application Market, By Deployment & Integration, 2022-2028 (In $ Million)
- Figure 16: Middle East And Africa Iot In Energy & Utility Application Market, By Support & Maintenance, 2022-2028 (In $ Million)
- Figure 17: Middle East And Africa Iot In Energy & Utility Application Market, By Professional Services, 2022-2028 (In $ Million)
- Figure 18: Middle East And Africa Iot In Energy & Utility Application Market, By Software, 2022-2028 (In $ Million)
- Figure 19: Middle East And Africa Iot In Energy & Utility Application Market, Software Outlook, 2021 & 2028 (In %)
- Figure 20: Middle East And Africa Iot In Energy & Utility Application Market, By Operational Control, 2022-2028 (In $ Million)
- Figure 21: Middle East And Africa Iot In Energy & Utility Application Market, By Analytics, 2022-2028 (In $ Million)
- Figure 22: Middle East And Africa Iot In Energy & Utility Application Market, By Security, 2022-2028 (In $ Million)
- Figure 23: Middle East And Africa Iot In Energy & Utility Application Market, By Grid Management, 2022-2028 (In $ Million)
- Figure 24: Middle East And Africa Iot In Energy & Utility Application Market, By Water Management, 2022-2028 (In $ Million)
- Figure 25: Middle East And Africa Iot In Energy & Utility Application Market, End-user Outlook, 2021 & 2028 (In %)
- Figure 26: Middle East And Africa Iot In Energy & Utility Application Market, By Oil & Gas, 2022-2028 (In $ Million)
- Figure 27: Middle East And Africa Iot In Energy & Utility Application Market, By Utility Gas Management, 2022-2028 (In $ Million)
- Figure 28: Middle East And Africa Iot In Energy & Utility Application Market, By Electricity Grid & Supply Management, 2022-2028 (In $ Million)
- Figure 29: Middle East And Africa Iot In Energy & Utility Application Market, By Mining, 2022-2028 (In $ Million)
- Figure 30: Middle East And Africa Iot In Energy & Utility Application Market, By Water Management, 2022-2028 (In $ Million)
- Figure 31: Middle East And Africa Iot In Energy & Utility Application Market, Regional Outlook, 2021 & 2028 (In %)
- Figure 32: United Arab Emirates Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 33: Saudi Arabia Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 34: Turkey Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 35: South Africa Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
- Figure 36: Rest Of Middle East & Africa Iot In Energy & Utility Application Market 2022-2028 (In $ Million)
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